Erste Group Bank AG/Non-preferred Senior Unsecured
Erste Group Bank AG
Action Validity Date
Creditreform Rating has lowered the long-term issuer rating of Erste Group Bank AG from A to A-. The outlook is stable. In addition, Creditreform Rating lowered the rating of Preferred Senior Unsecured debt from A to A-, the rating of Non-Preferred Senior Unsecured debt from A- to BBB+, the rating of Tier 2 capital from BBB to BBB- and the rating of Additional Tier 1 capital from BBB- to BB+.
Creditreform Rating has set the rating of all valid bank ratings and bank issues to watch negative due to the currently not assessable impact of the Corona Crisis. Not affected by this rating action are government related banks. We refer to the free available Monitoring Report for a more detailed explanation.
Creditreform Rating has raised the rating of Erste Group Bank AG from A- to A. The outlook is stable. In addition, Creditreform Rating has raised the rating of Additional Tier 1 capital from BB+ to BBB- and the rating of Tier 2 capital from BBB- to BBB. The rating of Preferred Senior Unsecured Debt (after reclassification from Senior Unsecured Debt) was raised from A- to A. Moreover, the rating of Non-Preferred Senior Unsecured Debt was set to A-.